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Your Take: Is College Worth It?

Posted By Jim On 06/22/2012 @ 7:15 am In Your Take | 16 Comments

After our recent series of interviews with college savings expert, I started to wonder about the value of college. It’s an issue we’ve discussed in the past [3] (verdict was yes… depending on what you studied of course! But we also had a Devil’s Advocate post explaining why college isn’t worth it [4].) but with college costs rising to nearly astronomical rates, it’s no longer automatic. The Economist [5], in 2010, looked at how a “PhD is often a waste of time.” in 2011, the New York Times’ David Segal looked at how law school was a losing game [6]. When people point to law school and PhDs as “not being worth it” then it calls into question the idea of higher education.

Looking back to my college years, I felt that college was worth it. I graduated, got a good job in the defense industry, and had I followed that track to its eventual conclusion, I’d say I would’ve had a successful professional career. Based on what I do now, I suspect my post-secondary education probably has a smaller impact but an impact nonetheless. There’s something to be said about academic adversity, even if it’s not fun to experience.

Do you think college is worth it?

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[2] Email: mailto:?subject=http://www.bargaineering.com/articles/college-worth.html

[3] discussed in the past: http://www.bargaineering.com/articles/is-college-worth-the-cost-of-tuition-yes.html

[4] why college isn’t worth it: http://www.bargaineering.com/articles/5-reasons-to-skip-college.html

[5] The Economist: http://www.economist.com/node/17723223

[6] law school was a losing game: http://www.nytimes.com/2011/01/09/business/09law.html?_r=2&src=me&ref=general

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